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2009 (3) TMI 60 - HC - Income TaxPenalty u/s 271(1)(c) - factum of concealment stands established on the facts and circumstance and the evidence on record - fact that assessee not having challenged any of the assessment orders for the 3 years, is indicative of acceptance that there was concealment of income - conduct of the assessee does not indicate that revised returns were filed voluntarily and in good faith - Tribunal finding that revised returns were not voluntary and thereafter upholding the penalties is finding of fact
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